| Date: |
18-12-2015 |
| Subject: |
Rupee reverses some gains, opens lower at 66.48/$ |
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The Indian rupee reversed its some gains seen in previous session. The currency has opened at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in previous session.
It ended at over 3-week closing high yesterday.
Pramit Brahmbhatt, Veracity says after the smart recovery post Federal Reserve rate hike, the rupee is now trading in a new range.
According to him, the USD-INR pair has strong support around Rs 66.20/USD.
He feels the rupee today is expected to trade with a positive bias and the range for the day is seen between Rs 66.20-66.50/USD.
Source : moneycontrol.com
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